Anoto Group AB (publ) announces that Anoto, after being evaluated since the summer of 2020, has been commissioned to develop a digital screen pen for Samsung Display Co. Ltd.'s (“Samsung”) foldable OLED screens for mobile phones, tablets and PCs. Under the agreement, Anoto will be paid for the development of the pen (development period is expected to end fourth quarter of 2022).

After the development is finished, Samsung intends to start mass production, and Anoto will then be paid royalty for each pen sold under a future license agreement. Foldable mobile phones, tablets and PCs are the next big digital trend, and Samsung is the manufacturer that without any doubt has taken this technology the furthest with several already released models. The challenge of foldable OLED screens is the thinness and size of the screen that prohibits established screen pen solutions to be used due to costs and size. Anoto's proprietary dot pattern technology and pen therefore presents a unique value proposition and a viable solution to this latest screen technology.